281 Lateral C Rd, Wapato, WA 98951
This exceptional investment opportunity encompasses 58.59 deeded acres of prime agricultural land in Wapato, Washington, within Yakima County. The property, identified by APN numbers 181101-22001, 181101-23406, and 181101-23404, is zoned AG and situated on the Yakama Nation Reservation. Ownership is fee simple, allowing for traditional deed transfer. The orchard, cultivated for decades, boasts 51.24 acres of planted cropland, including 37.17 acres of apple trees (Red Delicious, Golden Delicious, Gala, Granny Smith, and Cosmic Crisp varieties) and 14.07 acres of Bartlett pear trees. Fruit is sold via yearly contracts to local processors and packing sheds. Irrigation is secured through surface water rights from the Wapato Irrigation Project (WIP), with 55.60 acres designated as irrigable, and a 2024 assessment of $4,961.18. These water allocations are not subject to Reclamation Reform Act limitations. The property includes a single-family residence, a substantial shop, and various agricultural buildings on a separate parcel. The orchard (asking $875,000) and the residential parcel (asking $475,000) are offered together for a combined asking price of $1,350,000. The residential parcel is only available for purchase with the orchard. 2024 property taxes total $4,894.56. The remaining 7.35 acres comprise out-ground, roads, and other areas.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.